DXC Technology named top life & annuity tech provider

DXC Technology has been named the top Life & Annuity Insurance Technology Provider in the 2024 report by the Evererst Group.

The Everest Group's inaugural "Leading 50 Life & Annuity Insurance Technology Providers" report evaluated companies on revenues, client geographical scope, line of business coverage, and value chain coverage. The report recognised DXC Technology's innovation and expertise as significant factors contributing to its leadership position in the sector.

According to Ronak Doshi, Partner at Everest Group, "DXC Technology has been listed at the top of the Everest Group's inaugural Leading 50 Life & Annuities (L&A) Insurance Technology Providers 2024 research. This is attributed to their technology offerings' coverage across all major products, value chain functions, and a well-diversified, global client footprint. Their strategic focus on pivotal market themes, such as accelerated underwriting and distribution channel enablement, has further bolstered their value proposition for L&A insurers."

DXC offers life and annuity customers comprehensive digital-ready solutions aimed at transforming and streamlining insurance processes, thereby expediting speed to market and improving customer experience. The company facilitates insurers in scaling operations with cloud technology, fostering adaptation through artificial intelligence, and securing essential systems. Their solutions support the move towards digital innovation and transformation.

The company leverages over 40 years of experience in providing technological solutions for the insurance sector. DXC Technology serves more than 1,000 customers globally and has processed over 1 billion policies through its systems. Twenty-one of the top 25 global insurers depend on DXC to address critical business challenges while focusing on delivering essential operations.

Ray August, Managing Director of Insurance Software & BPS at DXC, expressed appreciation for the recognition, "We are honoured to be recognised for our global life and annuity market leadership. We are fortunate to work with some of the world's largest insurers and are committed to meeting our customers where they are on their digital transformation journeys. We will continue to drive innovation that transforms the insurance industry."